Central Asia: Metal Washer Market 2024

Metal Washer Exports

Exports in Central Asia

In 2021, exports of iron or steel washers in Central Asia soared to X tons, increasing by 56% on the year before. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by 334% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal washer exports fell to $X in 2021. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 163% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Kazakhstan was the largest exporter of iron or steel washers in Central Asia, with the volume of exports resulting at X tons, which was approx. 55% of total exports in 2021. It was distantly followed by Kyrgyzstan (X tons), Uzbekistan (X tons) and Mongolia (X tons), together creating a 44% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +17.7% from 2012 to 2021. At the same time, Mongolia (+62.9%), Uzbekistan (+58.2%) and Kyrgyzstan (+6.1%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +62.9% from 2012-2021. While the share of Uzbekistan (+16 p.p.), Kazakhstan (+8.2 p.p.) and Mongolia (+5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kyrgyzstan (-27.3 p.p.) displayed negative dynamics.

In value terms, the largest metal washer supplying countries in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Mongolia ($X), together comprising 95% of total exports.

Mongolia, with a CAGR of +62.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, waning by -41.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 338%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+0.2%), while the other leaders experienced a decline in the export price figures.

Metal Washer Imports

Imports in Central Asia

After five years of growth, purchases abroad of iron or steel washers decreased by -3.9% to X tons in 2021. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2017 when imports increased by 36% against the previous year. The volume of import peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, metal washer imports reached $X in 2021. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Kazakhstan represented the main importer of iron or steel washers in Central Asia, with the volume of imports recording X tons, which was near 64% of total imports in 2021. Uzbekistan (X tons) ranks second in terms of the total imports with a 23% share, followed by Mongolia (5.2%). Kyrgyzstan (X tons), Turkmenistan (X tons) and Tajikistan (X tons) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Tajikistan (+21.9%), Kyrgyzstan (+21.7%), Uzbekistan (+10.8%) and Mongolia (+6.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +21.9% from 2012-2021. By contrast, Turkmenistan (-12.7%) illustrated a downward trend over the same period. Uzbekistan (+23 p.p.) and Kyrgyzstan (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Turkmenistan saw its share reduced by -8% and -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal washer importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together comprising 91% of total imports.

Uzbekistan, with a CAGR of +36.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, with an increase of 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 40% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+23.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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